Macedonia Government Budget

Macedonia recorded a Government Budget deficit equal to 2.70 percent of the country's Gross Domestic Product in 2017. Government Budget in Macedonia averaged -2.34 percent of GDP from 1993 until 2017, reaching an all time high of 2.40 percent of GDP in 2000 and a record low of -13.40 percent of GDP in 1993.

Government Budget in Macedonia is expected to be -2.60 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Macedonia Government Budget is projected to trend around -1.80 percent of GDP in 2020, according to our econometric models.

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Macedonia Government Budget

Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Macedonia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Macedonia Government Budget - actual data, historical chart and calendar of releases - was last updated on January of 2019.